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Benchmark  United States  NYSE  11,046   36.629 Index Moved Up 0.33%  


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Collecting data for YHOO and ORCL ...

Correlation analysis between Yahoo and Oracle

   
Investment horizon:  
  30 Days    Login   to change
This module allows you to analyze existing cross correlation between Yahoo Inc and Oracle Corporation. You can compare the effects of market volatilities on Yahoo and Oracle and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Yahoo with a short position of Oracle. Please also check ongoing floating volatility patterns of Yahoo and Oracle.
 
 Yahoo! Inc.  vs   Oracle Corp.
Daily Returns (%)
YHOO   ORCL   
 
Change Benchmark  Embed  Timeline 
Given the investment horizon of 30 days, Yahoo Inc is expected to generate 1.5 times more return on investment than Oracle. However, Yahoo is 1.5 times more volatile than Oracle Corporation. It trades about 0.25 of its potential returns per unit of risk. Oracle Corporation is currently generating about 0.25 per unit of risk. If you would invest  3,654  in Yahoo Inc on August 2, 2014 and sell it today you would earn a total of  197.00  from holding Yahoo Inc or generate 5.39% return on investment over 30 days.

Correlation Coefficient

0.52
Parameters
Time Period1 Month [change]
DirectionPositive ORCL Moved Up vs YHOO
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Yahoo! Inc. and Oracle Corp. in the same portfolio assuming nothing else is changed
Investing ideals could easily outperform a given market if properly optimized
  
Oracle Report  
  
Yahoo Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
YHOO   ORCL   

Yahoo Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Yahoo Inc are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Yahoo

Google Inc vs. Yahoo Inc
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58 Inc vs. Yahoo Inc
Autohome Inc vs. Yahoo Inc
  

Oracle

  
Compared with the overall equity markets, risk-adjusted returns on investments in Oracle Corporation are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Oracle

SAP AG vs. Oracle Corporation
Adobe Systems Inc vs. Oracle Corporation
Salesforce Inc vs. Oracle Corporation
Intuit Inc vs. Oracle Corporation
Red Hat Inc vs. Oracle Corporation
Ansys Inc vs. Oracle Corporation
Open Text Corporation vs. Oracle Corporation
Nuance Communications Inc vs. Oracle Corporation
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